Elon Musk's $55 Billion Pay Package Reinstated by Delaware Supreme Court

• Delaware Supreme Court overturned the decision blocking Elon Musk's $55 billion Tesla pay package.
• The 2018 pay package was granted as an incentive for Musk to boost Tesla's performance.
• A Delaware judge had rescinded it in January 2024 due to conflict of interest and disclosure issues.
• The Supreme Court cited errors in the previous ruling, reinstating the package and sanctioning Tesla for $1.
• In 2018, Tesla struggled with EV production; the package's success led to increased sales and stock value.

Why It Matters: Elon Musk's $55 billion Tesla pay package is back on after Delaware Supreme Court overturned a prior block.